11940 Fairway Lakes DrFort Myers, FL 33913

Property Details for 11940 Fairway Lakes Dr

Year built

1993

Lot size

1.09 AC

Property size (Sq ft)

9,760 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a four-tenant, 9,760 square foot restaurant portfolio located at 11940 Fairway Lakes Dr, Fort Myers, FL 33913. The property, built in 1993, sits on a 1.09-acre lot and is zoned PUD. The single-story, Class B building boasts 100% occupancy with a strong tenant mix, all operating under a triple-net (NNN) lease structure. Each lease includes a favorable 5% annual escalation clause, aligning with current inflationary trends. The asking price is $2,725,920, translating to a price per square foot of $279.30. The property features ample parking and prominent signage at the entrance, ensuring high visibility for the tenants. The building is well-maintained, with no significant deferred maintenance issues reported. Consistent on-time rent payments from all four tenants demonstrate the stability and reliability of this investment. This is a turnkey opportunity for a savvy investor seeking a strong, cash-flowing asset in a desirable location. The property offers a compelling 7.5% capitalization rate. The six units are spread across the single building.

Location Insight

City

Fort Myers

County

Lee

State

Florida

Latitude

26.5707

Longitude

-81.7512

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